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Avesoro Resources Inc (TSE:ASO)

Avesoro Resources Inc (TSE:ASO) Business Description

Symbol(s): TSE:ASO, OTCMKTS:ARSMF
Industry: Gold Mining
Website: aureus-mining.com
eMail: info@aureus-mining.com

Avesoro Resources Inc (TSE:ASO) is a Canadian Gold mining company. It’s a mid-tier producer mainly focused on exploration and development of mineral properties in Liberia. The company has multiple properties including New Liberty (West Africa, Liberia) and Ndablama (West Africa, Liberia).

Avesoro Resources Inc (TSE:ASO) has about 2.7 million ounces of gold reserves & resources. The company currently produces 100000 ounces of gold per year with the all-in sustaining costs of US$1050 per ounce.

Avesoro Resources Inc has US$7.44 million cash and US$92.3 million debt. The company has 81.58 million shares outstanding and as of January 1, 2020, had a market capitalization of US$104.9 million. The stocks of Avesoro Resources Inc trade on the Toronto Stock Exchange and the Over-the-Counter Exchange.

Avesoro Resources Inc (TSE:ASO) Share Price Chart

Avesoro Resources Inc (TSE:ASO) Technical Data
Last Updated: January 13, 2020

Share Price:
CA$1.67 (12/31/2019 16:00:00)
Volume:
2200 (12/31/2019 16:00:00)
52 Week High:
CA$2.85
52 Week Low:
CA$0.42
Change from 52 Week Low:
297.612%
Change from 52 Week High:
-41.404%
Beta
0.91
Average Volume:
1733

Avesoro Resources Inc (TSE:ASO) Financial Data

Share Price:
CA$1.67 (12/31/2019 16:00:00)
Shares Outstanding:
81.58 million
Market Capitalization:
US$104.9 million *
Cash:
US$7.44 million
Total Debt:
US$92.3 million
Enterprise Value:
US$189.758 million
Earnings Per Share:
-0.27
Price to Earning (P/E) Ratio:
#N/A

Avesoro Resources Inc (TSE:ASO) Gold Resources

Total Reserves & Resources:
2.7 million ounce
Plausible Reserves & Resources:
1.86 million ounce
Current Cash Cost Per Ounce:
US$700
Future Cash Cost Per Ounce:
US$750
Current All-in Sustaining Cost Per Ounce:
US$1050
Future All-in Sustaining Cost Per Ounce:
US$1150
Current Annual Production:
100000 ounce
Future Annual Production:
150000 ounce

Avesoro Resources Inc (TSE:ASO) Valuation by Resources

Gold Equivalent Resources:
2.7 million ounce
Silver Equivalent Resources:
230.4 million ounce ***
Enterprise Value Per Gold Ounce:
US$70.281
Enterprise Value Per Silver Ounce:
US$0.823
Gold Equivalent Resources per FD share:
0.033 ounce
Silver Equivalent Resources per FD share:
2.825 ounce

*** Gold to silver ratio of 86 was used in the calculation of silver equivalent resources

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